High Demand from the milk Industry is driving the dairy products packaging market.
Arizton’s recent market research report on the global dairy packaging market provides comprehensive industry analysis, trends forecasts, and competitive analysis. The research study segments the market by packaging (rigid, flexible, and paperboard), products (liquid carton, pouches, bottles, jars, and cans, and others), application (milk, cheese, butter and cream, and others), and geography (Europe, APAC, North America, Latin America, and MEA).
The dairy products packaging market is expected to grow at CAGR of over 3% during the period 2018−2024.
Traditional Manufacturers are Switching Towards Flexible Packaging Materials
The flexible packaging materials are generating higher revenue in the dairy products packaging market. It mainly carries out three types of packaging i.e. flexible plastic, flexible paper, and foil. The dairy products packaging market is witnessing increased competition among the packaging types. There is an increased shift from traditional to newer packaging format, this is driving the global dairy products packaging market as most of the product categories are witness the shift towards newer packaging format. Further, the increased consumption of dairy products (milk, cheese, butter, and cream) is expected to drive up revenues and will drive the flexible packaging market during the forecast period.
Dairy Products are Becoming the Largest Consumer of Pouches and Liquid Cartons
Pouches are one of the most economically viable packaging used by the dairy industry. It is popular among small and medium dairy enterprises due to easy availability of raw materials and low procurement costs. It is highly used in APAC and Europe. Further, the market for liquid cartons is expected to grow rapidly as aseptic is gaining more importance in extending the shelf life of liquid dairy. Dairy is the major end-user of liquid cartons. The dairy products packaging market for liquid cartons is expected to witness high volume demand in APAC, as premium dairy products are being launched to capture the growing income of middle class. Further, the market for liquid cartons is dominated by Tetra Pak, closely followed by Greatview Packaging.
High Demand from the Milk Industry is driving the Dairy Products Packaging Market
The growth in population, income and urbanisation has led to an increased demand for milk and subsequently impacting the dairy products packaging market. Thus, the milk output is estimated at over 900 million tonnes by 2020. The market for milk packaging is expected to have an accelerating growth momentum during the forecast period. Further, milk packaging with rigid plastic and liquid cartons is high in Europe and North America as they are perceived to be more premium in nature.
Mondi, Huhtamaki, Tetra Pak, Berry Global, Elopak, and Amcor are the key vendors of the global dairy products packaging market.
The complete overview of the latest market research report on the global dairy packaging market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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